Despegar Acquisition, Valuation, Funding & Investors

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

Tujia is a Beijing-headquartered vacation rental platform dominating China's homestay market. It lists over 1 million properties including apartments and villas across 345 domestic and 1,037 international destinations like Japan and Thailand. Founded in 2011, Tujia verifies listings through local inspections and backs bookings with a RMB 10 million compensation fund. Partnerships with Ctrip and Qunar drive 100 million annual users, with RBA services managing full operations for hosts in Beijing and Guangzhou.

HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.

BlaBlaCar is a Paris-headquartered carpooling platform operating in 22 countries including Europe, Russia, Turkey, Mexico, Brazil, and India. It links drivers with passengers for long-distance trips, enabling cost-sharing through its website and mobile apps. Features include verified profiles, declared identities, and chatty level indicators from Bla to BlaBlaBla to build trust. Backed by investors such as Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok, and ISAI, the service maintains offices in over a dozen countries worldwide.

GetYourGuide is a Berlin-headquartered online marketplace for booking tours, attractions, and activities in over 170 destinations worldwide. It offers excursions, cooking classes, tickets to landmarks, and guided experiences via website and mobile apps. Providers pay commissions on bookings, with customer reviews ensuring quality. Founded in 2009, GetYourGuide partners with local operators and serves millions of travelers annually.

Mafengwo is a Beijing-headquartered online travel platform featuring user-generated content with over 10 million travel guides covering 95 percent of global destinations. The site aggregates reviews for hotels, flights, and itineraries while integrating booking services from partners like Ctrip and Booking.com. Mafengwo serves more than 100 million monthly active users in China, offering visa assistance, insurance options, and travel deals. Acquired by Trip.com Group in 2015, it continues to expand social features and mobile apps downloaded over 100 million times.

Engine is a San Francisco-headquartered travel management platform for business trips, integrating with 95 percent of US airlines, hotels, and car rentals. Launched in 2021 and backed by Blackstone and Permira, it offers single-invoice billing, real-time modifications without fees, and spend analytics dashboards. Engine serves mid-market companies like Rippling and Notion, reducing travel costs by 25 percent through negotiated rates and policy enforcement.

Traveloka is an Indonesia-headquartered online travel aggregator operating in six Southeast Asian countries, primarily as a flight search engine for domestic and regional routes. The platform enables bookings for flights, hotels, activities, and ground transport, with expansions into fintech and lifestyle services. Traveloka partners with local airlines and expands market impact through innovative travel products.

Tripadvisor is the world’s leading travel metasearch company. Its platform offers 1 billion reviews and information on several million accommodations, restaurants, experiences, airlines, and cruises. In 2025, 42% of revenue came from the company's core Hotel and Other segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 46% of revenue in 2025, and TheFork, its dining brand, represented 12% of sales.

Airalo is a global eSIM marketplace offering data plans for travelers in over 200 destinations. The app-based platform provides regional packs for Europe, Asia, and multi-country options compatible with iPhones, Androids, and tablets. Users install eSIMs via QR codes, avoiding roaming fees with prepaid data from local networks like AIS in Thailand and Three UK.

CargoX provides road freight and related logistics services to businesses in Brazil. Its offering combines full-truckload transportation management, carrier coordination and technology for monitoring shipments and administering transport operations. Customers can use dedicated freight teams, automated transport documentation and analytical tools to plan and manage their logistics networks. The company also offers financial solutions associated with freight activity, including payment arrangements and access to working capital through its commercial services. Its logistics programs seek to reduce empty journeys and improve coordination between shippers and transport providers. CargoX operates from São Paulo and forms part of the broader Frete.com group, alongside other freight technology businesses. Its services address companies moving goods by road and seeking visibility, risk management and operational support across the shipment process. The CargoX operating brand maintains its own dedicated website and customer-facing services.

Fora is a New York-headquartered network empowering independent travel advisors. The platform equips advisors with booking tools, supplier partnerships, and marketing resources to curate personalized travel experiences for clients worldwide.

Iwjw is a Shanghai-headquartered online-to-offline rental platform launched in 2014 for residential and commercial properties in China. Prospective tenants book agent-led property viewings through the app, accessing verified listings in major cities like Beijing and Guangzhou. The service facilitates lease negotiations, document handling, and virtual tours to accelerate occupancy.

Omio is a Berlin-headquartered travel search engine comparing trains, buses, flights, and ferries across Europe and North America. Founded in 2013, the platform aggregates schedules from operators like Deutsche Bahn, FlixBus, Ryanair, and Amtrak, displaying total journey times including transfers. Users book directly with providers or via Omio for 24/7 support. Available in 28 languages, it serves 20 million annual searches with mobile apps.

VNLIFE is a Ho Chi Minh City-headquartered technology firm building digital platforms for Vietnam's tourism, logistics, and e-commerce industries. It offers payment gateways, booking systems, and service aggregation tools tailored for consumers and small businesses. VNLIFE provides startups with technical infrastructure, API integrations, and marketplace access to expand domestically and internationally.

Xiaozhu.com is a Beijing-headquartered online marketplace for short-term vacation rentals and daily room bookings across more than 400 Chinese cities, featuring safety verification systems, property guarantees, and direct landlord-tenant communication to optimize idle housing resources since its launch in 2011.

LY.com, formerly known as 17U.com and Tongcheng, is a Chinese online travel platform offering hotel, flight, train, and cruise bookings alongside sightseeing tickets and group-buying travel deals. Launched in 2004, it built an early lead in China's sightseeing-ticket and weekend-getaway segments before expanding into broader travel booking across roughly 200 cities. The company has counted Ctrip, Tencent, and Dalian Wanda Group among its major shareholders.

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.